54 



THE BEEF BONANZA. 



Sell 500 beeves, @ $30 per head $15,000 



Expenses and interest 5,000 



$10,000 



Buy 500 three-year-olds, @ $20 10,000 



August, 1883, Fifth Year. 



On hand, heeves 2300 



Sell 2300 beeves, @ $30 $69,000 



Expenses $5000 



Interest 2500 



7,500 



$61,500 

 Deduct original capital 25,000 



Net profit in five years $36,500 



This would leave a capital to begin new with greater 

 than the original, besides the ranch, horses, etc., still on 

 hand ; the $3000 surplus capital fund could have been 

 invested in cows to hold the range. The above estimate 

 is based upon the supposition that $25,000 capital had 

 been borrowed for four years at 10 per cent, interest. 



Buying yearling steers and selling beeves keeps the 

 capital more in hand, and a class of cattle that can be 

 forced on the market with better results to the seller ; 

 and if yearlings or two-year-olds can be bought in lots 

 to suit the purchase?, this kind of trade will show enor- 

 mous profits. A herd of 



2000 yearlings, @ $7.50 



2000 two-year-olds, @ 12.00 



2000 three-year-olds, @ 18.00 



6000 will cost, say $75,000 



Expense of herding 6,000 



Interest, at 10 per cent 7,500 



End of first year . . . . . . $13,500 



